‘Cryptocurencies could drop to near-zero any time’: Ethereum founder Vitalik Buterin

Ethereum founder Vitalik Buterin has an advice for the investors in crypto assets. In a tweet, he said that cryptocurrencies are hyper-volatile and their valuation could drop to near-zero at any time in the future. He suggested that one should not invest more than one could afford to lose.

“Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” Buterin said. “Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet.”

Buterin is not the first person to give such advice. A similar bugle was sounded by Berkshire Hathaway’s chairman Warren Buffet earlier this year. He had said that he could say it “with almost certainty that they (cryptocurrencies) will come to a bad ending.”